NBD AI Bulletin -- The People's Insurance Company (Group) of China Limited (the Company, SH 601319, close: 7.54 yuan) announced on July 15 that Mr. Miao Jianmin resigned as executive director, chairman and head of the Board's Strategic and Investment Committee due to work arrangements. Mr. Miao has confirmed that he has no disagreement with the Board and there are no other matters that need to be disclosed to shareholders of the Company.

NBD AI Review: The latest personnel change announcement of the People's Insurance Company (Group) of China Limited was issued on July 11, 2020, and the Company has issued nine such announcements in the past 12 months.

According to the 2019 annual report, the People's Insurance Company (Group) of China Limited mainly engages in property insurance, asset insurance, motor vehicle insurance, life insurance, accident and health insurance, dividend-based life insurance, agricultural insurance, liability insurance, general life insurance, credit insurance, health insurance, corporate property insurance, other types of insurance, freight insurance, accident insurance, universal life insurance, accounting for 77.98%, 77.98%, 47.33%, 17.67%, 10.37%, 9.47%, 5.54%, 4.9%, 4.22%, 4.1%, 3.62%, 2.73%, 2.29%, 0.72%, 0.33%, and 0.02% of its revenue, respectively.

The president of the People's Insurance Company (Group) of China Limited is Wang Tingke, 55 years old, graduated from School of Economics and Finance of Xi'an Jiaotong University in July 1995, with a doctoral degree in Economics.

(By Tan Yuhan)

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